A PYMNTS Company

Brazil: The Body Shop sale to Natura closes

By  |  September 10, 2017

The Body Shop’s surprise buyer Natura Cosmeticos has now completed its acquisition of the health and beauty retailer, after being granted permission by the relevant competition watchdogs.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Its previous owner L’Oreal sold the British high street retailer on June 9 in a deal thought to be worth US$880 million.

    The buyer, Brazil’s largest cosmetics company, will now add The Body Shop’s global estate to its already significant operations.

    Following the acquisition Natura will trade from 3,200 stores in nearly 70 markets, employing around 18,000 staff.

    “We are thrilled to welcome The Body Shop to the Natura group,” co-chairman Guilherme Leal said.

    Full Content: Retail Week

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.